US Oil rig count down by 6. Exxon says it will not drill in US shale oil even at oil price of $40. Definitely no sign the US shale oil business will spring back to life when oil hits $40 despite WTI May futures trading above $40. OPEC oil production down by 90k bpd. And that includes Iran increasing oil production by over 200kbpd. IEA starting to take a different view on oil over supply. It won't be long before other experts and pundits makes a u-turn on their thinking on oil oversupply.
Oil Rally Confirmed, page-22
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Last
$7.16 |
Change
-0.200(2.72%) |
Mkt cap ! $23.25B | |||
| Open | High | Low | Value | Volume |
| $7.28 | $7.29 | $7.14 | $58.20M | 8.093M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 7250 | $7.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.17 | 23814 | 5 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |